ACC251 Intermediate Accounting I Course Syllabus - Fall Quarter 2009

Course Description: Welcome to Intermediate Accounting I. I trust your study of intermediate accou nting in this online format will be a fulfilling and rewarding experience. To s ucceed in this course, you should be computer literate, motivated, self-directed , and willing to work independently. I will be available for discussion by emai l and will strive to respond promptly to your questions and concerns. I am also available to meet with you personally at your convenience.

This course is the first in a series of three intermediate financial accounting courses which provide a comprehensive study of financial accounting theory and f inancial accounting reporting. The course will concentrate on the foundations o f financial accounting and include an in-depth study of generally accepted accou nting principles and concepts. Emphasis will be on a deeper understanding of fi nancial statements, earnings management, and the revenue/receivables/cash cycle.

I will hold an orientation for this course on Tuesday, September 29, from 5:00-5 :50PM in IB3417 on the third floor of the Instructional Building. Although atte ndance at the orientation is voluntary, you will find it very helpful to attend.

Instructor: Patrick S. Bouker Office Hours: Email: site. Office IB2417A By appointment

Use the Class Communications Link at the class web If, for some reason, this is unavailable contact me at: pbouker@sccd.ctc.edu Telephone: 206-528-4532 FAX 206-527-3735

Instructional Materials: Kieso, Weygandt, Warfield Intermediate Accounting, 13e, Volume I ISBN 978-0-470 -42368-4 Text Web Site Bouker Course Resources www.wiley.com/college.kieso http://northseattle.angellearning.com

Many student self-help instructional aids are available at the text website incl uding chapter PowerPoint slide presentations, check figures, Excel templates, in teractive quizzes, etc.

Class Format: This is an online course and includes individual and group assignments, quizzes, case studies, participation in a discussion room, business writing exercises, a nd a mid-term and final examination. Course Objectives: 1. To use quantitative reasoning processes to understand, analyze, and solve accou nting problems 2. To identify and apply the concepts, conventions, and generally accepted account ing principles which underlie financial accounting and reporting 3. To interact effectively with individuals and groups in an online environment 4. To demonstrate competency in applying proper accounting concepts and rules to c omplex accounting issues. 5. To focus on enhancing the development of business communication skills 6. To utilize a variety of research sources to solve accounting research problems

Class Schedule Topics Preparation and Assignments September 29 Initial Orientation IB3417 - 5:00 Week One Due October 4 Ch. 1 Financial Accounting and Accounting Standards Read Ch. 1 Post in the Discussion Room answers to two end of the chapter questions 5:50PM

Register for the basic (free) FASB Codification access CA1-9, CA1-10, CA1-11 Post in the Discussion Room your response to ethical case study CA1-15 Writing Assignment CA1-7 Professional Research Problem, Page 29 Chapter 1 Quiz Week Two Due October 11 Ch. 2 Conceptual Framework Underlying Financial Accounting Read Ch. 2 Post answers in the Discussion Room to any two end of the chapter questions E2-1, E2-3, E2-5, E2-8 CA2-7, CA2-11 Professional Research Problem, Page 65 Post in the discussion room your response to the P&G Financial Reporting Proble m, Page 63 Chapter 2 Quiz Week Three Due October 18 Ch. 3 The Accounting Information System Read Ch. 3 to Page 100 Post answers in Discussion Room to any two end of the chapter questions E3-1, E3-5, E3-7, E3-15 P3-4, Professional Research Problem, Page 128 Post in the discussion room your response to the Kellogg Company problem, Page 1 27 Chapter 3 Quiz Group Report 2 Week Four Due October 25 Ch. 3 (Continued) Ch. 4 Income Statement and Related Information Read Ch. 3 Pages 100-110 Read Ch. 4 to Page 139 Post answers in Discussion Room to any two end of the chapter questions E3-20, E3-22, P3-19 Identify team members and submit answers to Group Project Items 1 and

E4-6 Post in the discussion room your response to the P&G financial reporting problem on Pg. 171-2 Group Report, Item 3 Week Five Due November 1 Ch. 4 Continued Read Ch. 4 Pages 139-157 E4-12, E4-13 P4-3, P4-4, P4-6 CA4-4 Post in the discussion room your response to ethical case study CA4-5 Chapter 4 Quiz Group Report, Items 4, 5, 6 November 3 Mid-Term Examination Covers Chapters 1 through 4 Week Six Due November 8 Ch. 5 Balance Sheet and Statement of Cash Flows Read Ch. 5 to Page 197 Post answers in Discussion Room to any two end of the chapter questions P5-2, P5-5 CA5-2 Group Report, Item 7 Week Seven Due November 15 Ch. 5 Continued Read Ch. 5 Page 197-239 P5-7 Writing Assignment CA5-6 Post in the discussion room your response to P&G financial problem on Page 257 Ch. 5 Quiz Group Project, Items 8 and 9 Week Eight Due November 22

Ch. 6 Accounting and the Time Value of Money Read Ch. 6 Post answers in Discussion Room to any two end of the chapter questions Complete all exercises, Pages 297-300 P6-10 Professional Research Problem, Page 306 Group Project, Items 10 and 11 Week Nine

Due November 29 Ch. 7 Cash and Receivables Read Ch. 7 to Page 347 Post answers in Discussion Room to any two end of the chapter 7 questions FASB research exercise, Page 356 E7-1, E7-4, E7-5, E7-9, E7-10 P7-2, P7-5 Writing assignment CA7-10 Ch. 7 quiz Group Project, Items 12 and 13 Week Ten Due December 6 Ch. 7 Continued Ch. 8 Valuation of Inventories Read Ch. 7 Page 347-356 Read Ch. 8 Post answers in Discussion Room to any two end of the chapter 8 questions P7-12, P7-15 Submit final group project Week Eleven Due December 13 Ch. 8 Continued E8-1, E8-9, E8-14, E8-21, E8-25 P8-6 Post answer in discussion room to ethical case study CA8-11 Ch. 8 quiz December 15 Final Exam 5:30-7:30PM Covers material in Ch. 5 - 8 Homework is due by 9PM on Sundays. For example, Week One homework is due by 9PM on Sunday, October 4. Homework assignments receive full credit so long as you have made a good faith effort to complete it. However, writing exercises and the group project are all graded on content as well as grammar, syntax, and sent ence structure. Absent my specific advance approval, late homework receives no credit. I encourage you to work together via the Discussion Room in completing all homework assignments.

Circumstances may require me to make minor revisions to the above schedule. In the event I make any changes, I will advise you by email. Credit and Grading: Assignments 150 Review Question Postings 20

Ethical Case Studies 30 Writing assignments 30 Quizzes 80 Corporate Research Project 90 Mid-Term Examination 150 Final Examination 150 Total Possible Points 700

The final grade will be converted to a decimal grade corresponding to the follow ing: 96 - 100 4.0 79 2.3 95 3.9 78 2.2 94 3.8 77 2.1 93 3.7 76 2.0 92 3.6 75 1.9

91 3.5 74 1.8 90 3.4 73 1.7 89 3.3 72 1.6 88 3.2 71 1.5 87 3.1 70 1.4 86 3.0 69 1.3 85 2.9 68 1.2 84 2.8 67 1.1 83 2.7 66 1.0 82 2.6 65 0.9

81 2.5 64 0.8 80 2.4 63 0.7

62 and below 0.0

Academic Collaboration and Integrity: I encourage you to collaborate with fellow students in completing homework, quiz zes, and spreadsheet exercises. Use the discussion room to post your questions, collaborate on completing accounting assignments, and discuss potential problem and quiz solutions.

Although I encourage collaboration on assignments and quizzes, the mid-term and final examinations are to be completed by you alone. Cheating and/or plagiarism on these examinations will not be tolerated on the examinations and could resul t in a failing grade for the course.

Additional Course Related Information I will provide much additional information about the course in orientation email s and discussion room postings to students registered in the class.